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Latest Business News from Romania

romania-s-economy-speeds-up-to-fastest-growing-in-the-eu-08-16-2017
16 Aug 17

Romania’s Economy Named EU's Fastest Growing

Romania’s economy grew by a healthy 5.9 percent in the second quarter of the year, pushing its GDP to its highest level in 12 months. 

balkan-mining-tycoon-detained-for-graft-in-israel-08-14-2017
14 Aug 17

Balkan Mining Tycoon Arrested for Alleged Graft

Billionaire Benjamin Steinmetz, the owner of two iron and gold mining companies in the Balkans, who is wanted by anti-graft prosecutors in Romania, has been arrested in Israel for alleged money laundering.

romania-joins-visegrad-states-in-eu-food-row-07-27-2017
28 Jul 17

Romania Joins Campaign Against 'Double Standards' in Food

Romania is joining a number of other Eastern European states who accuse big food retailers of using an EU loophole to sell inferior-quality products to their countries.

chinese-group-sets-foot-in-romania-via-energy-acquisition-07-27-2017
27 Jul 17

Chinese Seal Major Romanian Energy Acquisition

A Chinese company will acquire Romania’s main Black Sea refinery after Bucharest approved its purchase of a majority stake in Kazakh-based KMG International, which owns 48.1 per cent of Rompetrol Rafinare.

swedish-row-exposes-eastern-low-cost-it-services-07-25-2017
25 Jul 17

Sweden Scandal Highlights Cheap Romanian, Serbian IT Market

The growth of the low-cost IT subcontracting market in Eastern Europe has been highlighted by a scandal over Romanian, Czech and Serbian programmers potentially having access to Swedish citizens’ data.

romania-sued-over-halted-gold-mine-project-06-30-2017
30 Jun 17

Canadians Sue Romania Over Halted Montana Gold Mine

The Canadian company Gabriel Resources is seeking 4.4 billion US dollars from Romania over the Rosia Montana gold mining project, which the government blocked in 2014. 

romanian-companies-affected-by-ransomware-attack-06-28-2017
28 Jun 17

Ransomware Attack Spreads to Romania

Several companies in Romania have been hit by the massive cyber attack that struck Ukraine on Tuesday and which continues to spread in Europe and Asia.

balkan-eu-states-drop-roaming-fees-06-14-2017
15 Jun 17

Balkan EU States Drop Roaming Fees

Mobile phone users from Bulgaria, Croatia and Romania will be able to save money from Thursday onwards, when new EU rules officially scrapping roaming charges come into force.

moldova-new-energy-deal-raises-questions-over-russian-pressure-06-08-2017
09 Jun 17

Moldova Energy Deal Raises Concerns of Russian Pressure

A new deal signed quietly by the government in Chisinau with the Russian operator of a power plant in Moldovan breakaway region Transnistria has worried EU observers and the Moldovan opposition.

experts-warn-romanian-government-on-risky-economic-policies-05-26-2017
26 May 17

Romanian Growth Down to Higher Consumption, Bank Warns

Romania's Central Bank in a report on Friday warned that the country’s recent high growth rates were based too much on higher consumption of imports rather than on investment.

balkan-countries-hit-by-cyber-attack-05-15-2017
15 May 17

Romania Worst Hit in Balkans by Cyber-Attack

Romania was the Balkan country worst affected by last Friday's global cyber-attack, while Bulgaria reported that one unnamed public institution was affected.

romania-inaugurates-biggest-onshore-gas-reserve-in-30-years-05-12-2017
12 May 17

Romania Inaugurates Biggest Gas Reserve in Decades

Politicians and gas company chiefs have attended the official presentation of the country's biggest natural gas deposit in three decades - as Romania furthers its bid to become a regional energy hub.

romania-s-government-warned-on-loose-fiscal-and-wage-policies-05-03-2017
04 May 17

Romania's Pay Hikes Worry Financial Institutions

Romania’s Social Democrat government is coming under fire for borrowing large sums of money to cover the costs of what are deemed high-risk wage and fiscal policies.

austria-s-omv-sues-romania-for-petrom-environmental-clean-up-expenses-04-25-2017
25 Apr 17

Austria’s OMV Sues Romania over Environmental Clean-Up

Austrian oil group OMV, which controls Romania’s former state-owned Petrom, has filed an arbitration suit accusing Bucharest of not reimbursing environmental clean-up costs and violating its privatisation contract.

bulgaria-romania-join-outcry-against-varying-food-quality-in-the-eu-03-07-2017
08 Mar 17

'Double Standards' in Food Products Alarms Bulgaria, Romania

Bulgaria and Romania have joined an outcry against multinational food companies, accused of selling lower quality products in Eastern Europe compared to those offered in the Western supermarkets.

Premium

economic-storm-clouds-hover-over-romania-07-03-2017
04 Jul 17

Economic Storm-clouds Hover Over Romania

After weeks of political turmoil, companies and investors in Romania now face growing uncertainty and a fiscal overhaul that risks putting the country’s recent economic gains in jeopardy.

14 Mar 17

Romania Hopes to Become Regional Energy Hub

16 Jun 16

Romania’s Economic Recovery Comes at a Cost

25 Jun 15

Balkan Economies Brace for Impact of Grexit

Politics and Society

state-dep-balkan-states-to-speed-up-restitution-of-cult-property-08-16-2017
16 Aug 17

Balkan Religious Minorities Still Feel Excluded, US Says

Religious minorities in the Balkans still struggle with a degree of discrimination and with a lack of official cooperation in regaining assets confiscated by the communist regimes, a US State Department report says. 

15 Aug 17

Gay Marriage Discord Splits Romanian Party

03 Aug 17

Russia Slaps Sanctions on Romania and Moldova

Culture and Lifestyle

balkan-films-to-watch-this-summer-07-31-2017
01 Aug 17

Best Balkan Films to Watch This Summer

From light-hearted comedies to horrors and dramas that reveal the still visible legacy of the wars of the 1990s, Balkan cinematography has something for everyone this summer.

06 Jun 17

Inside Guide to the Balkans’ Secret Wonders